Quantbot Technologies LP Has $1.93 Million Stock Holdings in Vital Farms, Inc. (NASDAQ:VITL)

Quantbot Technologies LP grew its holdings in Vital Farms, Inc. (NASDAQ:VITL) by 635.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 55,114 shares of the company’s stock after purchasing an additional 47,623 shares during the quarter. Quantbot Technologies LP’s holdings in Vital Farms were worth $1,933,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of VITL. Van ECK Associates Corp boosted its holdings in Vital Farms by 8.6% in the second quarter. Van ECK Associates Corp now owns 4,095 shares of the company’s stock worth $192,000 after purchasing an additional 323 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of Vital Farms by 4.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 7,857 shares of the company’s stock worth $276,000 after buying an additional 329 shares during the last quarter. Lifestyle Asset Management Inc. boosted its stake in shares of Vital Farms by 6.5% during the 3rd quarter. Lifestyle Asset Management Inc. now owns 9,846 shares of the company’s stock worth $345,000 after acquiring an additional 598 shares in the last quarter. CWM LLC increased its holdings in shares of Vital Farms by 162.9% during the 2nd quarter. CWM LLC now owns 1,057 shares of the company’s stock valued at $49,000 after acquiring an additional 655 shares during the last quarter. Finally, nVerses Capital LLC raised its stake in shares of Vital Farms by 66.7% in the 2nd quarter. nVerses Capital LLC now owns 2,000 shares of the company’s stock valued at $94,000 after acquiring an additional 800 shares in the last quarter. Institutional investors own 98.59% of the company’s stock.

Insider Transactions at Vital Farms

In related news, CEO Russell Diez-Canseco sold 44,653 shares of the company’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $40.07, for a total transaction of $1,789,245.71. Following the sale, the chief executive officer now owns 537,349 shares in the company, valued at approximately $21,531,574.43. This represents a 7.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Matthew Ohayer sold 24,000 shares of the stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $39.09, for a total value of $938,160.00. Following the transaction, the insider now directly owns 7,194,777 shares of the company’s stock, valued at $281,243,832.93. This trade represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 27.60% of the stock is owned by insiders.

Vital Farms Price Performance

NASDAQ:VITL opened at $32.34 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.24 and a quick ratio of 2.81. Vital Farms, Inc. has a one year low of $12.44 and a one year high of $48.41. The company has a fifty day moving average price of $34.76 and a 200 day moving average price of $36.73. The stock has a market cap of $1.42 billion, a P/E ratio of 28.88 and a beta of 0.97.

Vital Farms (NASDAQ:VITL) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. The business had revenue of $145.00 million during the quarter, compared to analyst estimates of $145.27 million. During the same quarter in the prior year, the business earned $0.10 earnings per share. The firm’s revenue for the quarter was up 31.3% on a year-over-year basis. Analysts anticipate that Vital Farms, Inc. will post 1.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Stifel Nicolaus decreased their target price on Vital Farms from $42.00 to $34.00 and set a “hold” rating for the company in a research report on Friday, August 9th. TD Cowen decreased their price objective on shares of Vital Farms from $46.00 to $41.00 and set a “buy” rating for the company in a report on Friday, November 8th. Jefferies Financial Group lowered their target price on shares of Vital Farms from $45.00 to $41.00 and set a “buy” rating on the stock in a research note on Monday, November 11th. Finally, DA Davidson boosted their target price on shares of Vital Farms from $44.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $39.20.

Vital Farms Profile

Vital Farms, Inc, a food company, provides pasture-raised products in the United States. It offers shell eggs, butter, hard-boiled eggs, and liquid whole eggs. The company was founded in 2007 and is headquartered in Austin, Texas.